Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Hana Micron's Boost From Samsung/Nvidia Agreement

HPSP Preview: A Korean IPO With Best Fundamentals So Far in 2022

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Equity Bottom-Up

<ul>
<li>Due to the sharp appreciation of Hana Micron's share price this year, its valuation discount to companies such as HPSP has narrowed substantially. </li>
<li>Samsung Electronics is one of the major customers of Hana Micron. Samsung recently reported that it has successfully secured the right to supply advanced memory chips to NVIDIA.</li>
<li>We do not believe Hana Micron's valuations are attractive right now. Rather than chasing after its shares, we would rather wait for its shares to retreat (20-30%) a bit.</li>
</ul>


Due to the sharp appreciation of Hana Micron's share price this year, its valuation discount to companies such as HPSP has narrowed substantially. 
Samsung Electronics is one of the major customers of Hana Micron. Samsung recently reported that it has successfully secured the right to supply advanced memory chips to NVIDIA.
We do not believe Hana Micron's valuations are attractive right now. Rather than chasing after its shares, we would rather wait for its shares to retreat (20-30%) a bit.


Hana Micron: Semiconductor Chips Packaging Company With Solid Fundamentals and FOMO Trading

Hana Micron Inc

Hana Micron: Semiconductor Chips Packaging Company With Solid Fundamentals and FOMO Trading